Many owners are now dismayed that the HDB flat is a depreciating asset and will have no value at the end of the lease.
I asked this question in The Wisdom of the Crowd - Is a new HDB flat a good investment?
35% of the respondents said that it will be a poor investment after 40 years.
24% said that it provides a reasonable return and a place to live in.
22% said that it is a depreciating asset.
18% said that it will be a good investment for the first 30 years after factoring in the government grant.
On the whole, the respondents held a negative view about investing in a HDB flat.
See the pie chart of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=612
I asked this question in The Wisdom of the Crowd - Is a new HDB flat a good investment?
35% of the respondents said that it will be a poor investment after 40 years.
24% said that it provides a reasonable return and a place to live in.
22% said that it is a depreciating asset.
18% said that it will be a good investment for the first 30 years after factoring in the government grant.
On the whole, the respondents held a negative view about investing in a HDB flat.
See the pie chart of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=612
1 comment:
Wait till the MRT and the HSR start operating, common sense having a side income renting out your extra HDB rooms not that easy. Presently a couple renting a HDB room between $700 to $800, (no cooking facilities) savings in rental and meals outside more than enough to pay the commuting fares. With CPF mortgage restrictions for older HDB flats, good investment value up to 40+ years only.
Saving grace the expectant high HSR fares maybe a disincentive.
But our Malaccan relatives are waiting to come to Singapore to work and return home by HSR. Currently for RM500K, you could get a big semi D very near the HSR Keroh Ayer station at Malacca, but the RM1m maybe a hurdle, can be solved if know the lobang. Quite scary to have hordes of ready workers from up north competing with our own folks, esp the PMETs.
Malacca is one of the safest state to live, Singapore folks may want to retire there to live like a King, just make return journey by HSR once monthly. Folks there are friendlier to Singaporeans, just refrain from showing off. A retire brother bought a used car for only RM6,000.
So, both the MRT and the HSR a double edged sword for HDB and also suburban private home owners?
Pray the CPF rules may change.
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